GKC
We Provide online classes of Accountancy for Class 11 CBSE with comprehensive pre recoreded video lectures, chapter-wise tests, PDF notes (detailed and summary), MCQs, assignments, and exam-oriented practice, live doubt session and revision. This online course is specially designed for CBSE Commerce students who want to build a strong foundation in Accounting and score high marks in school examinations. Our course builds a strong foundation for students who aspire to excel in the field of commerce and pursue successful careers as Chartered Accountants (CA), Cost and Management Accountants (CMA), Company Secretaries (CS), Chartered Financial Analysts (CFA), MBA professionals, stock market experts, financial consultants, and other commerce-related professions in the future.
The course follows the latest CBSE syllabus and is taught in a simple, conceptual, and step-by-step manner using the highly popular T.S. Grewal Accountancy textbook. Every topic is explained from basics to advanced level, making it suitable for both beginners and students aiming for academic excellence.
✔ Complete CBSE Class 11 Accountancy Syllabus Coverage
✔ Based on Latest T.S. Grewal Textbook
✔ HD Recorded Video Lectures
✔ Chapter-wise Notes and Study Material
✔ MCQs, Practical Questions and Assignments
✔ Regular Tests and Practice Exercises
✔ Conceptual Learning with Detailed Explanations
✔ Access Anytime, Anywhere
Chapter 1: Introduction to Accounting and Basic Accounting Terms
Definition of Accounting, Meaning and objectives of accounting, Book Keeping and Accounting
Users of accounting information
Basic accounting terminology like Assets, Liabilities, Capital, Debtors and Creditors etc.,
Chapter 2: Theory Base of Accounting
Accounting principles and concepts like Going Business Entity Concepts, Money Measurement Concept, Accounting Period concept, Full Disclosure Concept, Materiality Concept, Prudence or Conservatism Concept, Historical Cost Concept, Matching Concept, Dual Aspect Concept, Revenue Recognition Concept, and Introduction to Accounting Standards
Fundamental Accounting assumptions like Going Concern, Consistency and Accrual as issued in Accounting Standard 1
Bases of accounting i.e, Cash Basis vs Accrual Basis of Accounting
Chapter 3: Recording of Business Transactions
Source documents
Accounting equation i.e., Assts = Capital + Liabilities
Rules of debit and credit; Traditional Rules (Personal, real and nominal Account) and Modern Rules,
Accounting procedures
Chapter 4: Journal, Subsidiary Books and Ledger
Journal entries simple and Comprehensive like Bad Debts, Bad Debts Recovered, Goods lost by fire or theft, Goods given as charity, Drawings, Free Samples etc.,
Special purpose books
Cash book Single Column, Double Column, Petty Cash Book, Amended Cash Book, Imprest Cash Book
Purchase book
Sales book
Returns books
Journal proper
Ledger posting
Chapter 5: Bank Reconciliation Statement (BRS)
Chapter 6: Depreciation, Provisions and Reserves
Straight Line Method or Fixed Instalment Method and Diminishing Balance Method or reducing balance Method
Chapter 7: Trial Balance and Rectification of Errors
Errors of Principle, Errors of Commission, Errors of Omission, compensating Errors
Unit 3: Financial Statements of Sole Proprietorship
Chapter 8: Preparation of Financial Statements
Trading Account
Profit and Loss Account
Balance Sheet
Chapter 9: Adjustments in Final Accounts
Closing Stock, Outstanding Expenses, Prepaid Expenses, Accrued Incomes, Depreciation, Bad Debts, Provision for Doubtful Debts, Provision for Discount on Debtors, Manager Commission, Interest on Capital, Goods Distributed as Free samples. Goods taken by proprietor for personal use, Goods distributed among staff, Abnormal loss of goods etc.,
Chapter 10: Accounts from Incomplete Records
Statement of Affairs Method and Conversion Method
Who Should Enrol?
This course is ideal for:
CBSE Class 11 Commerce Students
Beginners learning Accounting for the first time
Students studying from T.S. Grewal
Students preparing for school exams and future CA Foundation studies
After completing this course, students will be able to:
Record business transactions confidently
Prepare Journal, Ledger and Trial Balance
Calculate and account for depreciation
Rectify accounting errors
Prepare Financial Statements independently
Build a strong foundation for Class 12 Accountancy and professional courses
Accounting Procedures Rules of Debit and Credit
Full Course will be available after the Purchase